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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: Professor Dotcomm who wrote (63651)2/12/2001 9:55:12 AM
From: Claude Cormier  Read Replies (1) | Respond to of 116795
 
Professor Dotcomm,

First the issuer of the currency states very clearly that the gold currencies will be, at all time, free and clear of any lien and 100% backed by gold.

The Vaults where the gold is store are independent and reputable bodies that are bounded by contract with the issuer. They cannot create a lien of any kind on gold that is stored at their location and does not belong to them.

Second The Trusts are independent bodies that exist only because they provide this kind of service. They monitor the movement of the gold in and out of the vaults.